Oil & Gas Insurance

Oil & Gas Insurance

Oil & Energy insurance can be defined as the insurance of all operations and assets relating to the exploration, exploitation, drilling, refining, storage and transportation of oil, gas or other energy resources. It also includes the insurance of Petrochemical risks such as insurance of assets, operations and liabilities arising out of production and consumption of intermediate and final products of chemical derived from Gas and Crude petroleum. The purpose of oil insurance is to protect all parties against the financial consequences of accident, which may lead to injury to workmen and third parties in addition to loss or damage to properties.